Non-QM

Reinvest Your Capital Gains, Avoid Taxes, and Grow Your Real Estate Portfolio 0
- DSCR Investing, Non-QM
- May 23, 2024
What are Capital Gains? Capital gains, in the context of real estate, refer to the increase in the value (appreciation) of a property over time. When the property is sold, the difference between the purchase price and the sale price represents the capital gain. Reinvesting those capital gains back into real estate is known as
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The American Dream of Home Ownership With Cannabis-Related Income 0
- Mortgages, Non-QM
- April 29, 2024
The History of Cannabis in The US During the early to mid-1800s in the United States, cannabis was legal and used primarily for medicinal purposes. As the late 1800s approached, the medical community began to question the efficacy of cannabis, even going as far as recommending that it be categorized alongside regulated narcotics. Around the
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Mobile, Manufactured, and Modular Homes. How Do Lenders View Them?0
- Mortgages, Non-QM
- April 23, 2024
When it comes to mobile, manufactured, and modular homes, many people cannot articulate the differences between them. Most would assume they are all the same, and while similar, each style of home is unique in its own way. Let’s explore the differences between these factory-built homes and how mortgage lenders view them when financing is
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The Dream of Homeownership: Mortgages for ITIN Holders and DACA Recipients 0
- Non-QM
- April 5, 2024
OptionWide aims to remove the barriers to homeownership for anyone with the means and desire to own a piece of the American dream. For many, having an ITIN (individual taxpayer Identification number) is nothing more than a way to pay taxes and until recently there was no way to use the ITIN number for anything
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Qualify For A Mortgage With Cannabis-Related Income 0
- Non-QM
- March 27, 2024
The legal cannabis industry, despite its rapid growth and profitability, has always faced significant hurdles obtaining access to traditional banking and mortgage services. This is where non-qualified (non-QM) mortgages come into play. Non-QM loans are a type of home loan that do not align with the Consumer Financial Protection Bureau’s (CFPB) rules for Qualified MortgagesREAD MORE
Unlocking Homeownership with 1099 Income 0
- Non-QM
- March 26, 2024
If you’re self-employed, navigating the mortgage landscape can be challenging. Traditional lenders often scrutinize tax returns, making it difficult for 1099 workers to qualify. Optionwide® offers an alternative path forward with our 1099 mortgage program. Instead of relying on tax documents, this non-QM loan allows the use 1099 forms as proof of income. Whether you’re a freelancer, contractor,
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